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Funding & Valuation - Kalshi secured $1 billion in a new funding round [1] - The new funding round values Kalshi at $11 billion [1] - Kalshi's valuation has increased from $5 billion earlier this year to $11 billion [1] Business Overview - Kalshi operates a CFTC-regulated prediction market [1] - Users on Kalshi's platform trade contracts based on real-world outcomes [1] Investors - Paradigm led the $1 billion funding round [1] - Sequoia Capital and Andreessen Horowitz led a previous funding round earlier this year [1]